First Allied Advisory Services Inc. Lowers Stake in New Senior Investment Group Inc. (SNR)

First Allied Advisory Services Inc. reduced its stake in shares of New Senior Investment Group Inc. (NYSE:SNR) by 2.0% in the second quarter, according to its most recent filing with the SEC. The fund owned 71,326 shares of the real estate investment trust’s stock after selling 1,459 shares during the period. First Allied Advisory Services Inc. owned approximately 0.09% of New Senior Investment Group worth $713,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of New Senior Investment Group by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 13,504,924 shares of the real estate investment trust’s stock worth $135,724,000 after acquiring an additional 180,288 shares during the last quarter. State Street Corp increased its stake in New Senior Investment Group by 10.7% in the first quarter. State Street Corp now owns 1,888,604 shares of the real estate investment trust’s stock valued at $19,262,000 after acquiring an additional 182,694 shares during the last quarter. Renaissance Technologies LLC increased its stake in New Senior Investment Group by 39.2% in the second quarter. Renaissance Technologies LLC now owns 1,754,900 shares of the real estate investment trust’s stock valued at $17,637,000 after acquiring an additional 494,200 shares during the last quarter. Northern Trust Corp increased its stake in New Senior Investment Group by 9.0% in the second quarter. Northern Trust Corp now owns 1,377,951 shares of the real estate investment trust’s stock valued at $13,849,000 after acquiring an additional 113,669 shares during the last quarter. Finally, United Capital Financial Advisers LLC increased its stake in New Senior Investment Group by 8.9% in the first quarter. United Capital Financial Advisers LLC now owns 1,247,678 shares of the real estate investment trust’s stock valued at $12,726,000 after acquiring an additional 101,525 shares during the last quarter. 64.27% of the stock is owned by institutional investors.

A number of equities research analysts have weighed in on the company. BidaskClub downgraded New Senior Investment Group from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Stifel Nicolaus reaffirmed a “hold” rating and set a $10.00 price target on shares of New Senior Investment Group in a research note on Friday, July 14th. Compass Point cut New Senior Investment Group from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $13.00 to $10.00 in a report on Thursday, August 31st. Finally, Zacks Investment Research upgraded New Senior Investment Group from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $9.67.

New Senior Investment Group Inc. (NYSE:SNR) opened at 9.24 on Wednesday. The company’s market capitalization is $759.05 million. The firm’s 50-day moving average is $9.26 and its 200-day moving average is $9.82. New Senior Investment Group Inc. has a 12 month low of $8.82 and a 12 month high of $10.97.

New Senior Investment Group (NYSE:SNR) last posted its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). New Senior Investment Group had a negative net margin of 6.41% and a negative return on equity of 5.28%. The business had revenue of $114.29 million during the quarter, compared to analysts’ expectations of $114.70 million. During the same period last year, the business posted $0.32 earnings per share. Equities analysts anticipate that New Senior Investment Group Inc. will post ($0.64) EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Friday, September 8th were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 11.26%. The ex-dividend date was Thursday, September 7th. New Senior Investment Group’s payout ratio is -288.88%.

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New Senior Investment Group Company Profile

New Senior Investment Group Inc is a real estate investment trust with a diversified portfolio of primarily private pay senior housing properties located across the United States. The Company operates through two segments: Managed Properties and Triple Net Lease Properties. As of December 31, 2016, the Company owned a diversified portfolio of 152 primarily private pay senior housing properties located across 37 states.

Institutional Ownership by Quarter for New Senior Investment Group (NYSE:SNR)

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